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Multifamily Loans in
Spring Hill, FL

Overview

Spring Hill is located in a good market for 5+ unit multifamily loans. Multifamily loans in Spring Hill are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Spring Hill are competitive. Spring Hill apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Spring Hill.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Spring Hill, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Spring Hill are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.28% - 3.68%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Spring Hill may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Lenders in Spring Hill, FL

All major multifamily lender types are lending in Spring Hill.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 08, 2021


Spring Hill Market

The city of Spring Hill in Hernando County has a population of 111,076. The median rent in Hernando County for a 2 bedroom is $1,375. The median Spring Hill resident is 44 years old with a yearly income of $25,568. The average family has 3.03 members and a median household income of $51,395. Spring Hill has a 18% higher education rate. The unemployment rate in Spring Hill is 6.3%.


Population
111,076 people

County
Hernando County

Renters

24.6% of Spring Hill households are renters.


Rent Burden

33.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Hernando County 1
Florida 2
National 2
Studio $1,070 $822 $737
1 bedroom $1,125 $891 $813
2 bedroom $1,375 $1,089 $1,015
3 bedroom $1,786 $1,448 $1,325
4 bedroom $2,194 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Spring Hill Demographics


Median Individual Income
$25,568 / year

Median Household Income
$51,395 / year

Families w/ Dual Incomes
40%

Unemployment Rate
6.3%
Household Income Distribution
Spring Hill, FL

Median Age
44 years

Avg Family Size
3.03 people
Age Distribution
Spring Hill, FL

College Education or Above
18%

STEM College Graduates
41%
Education Distribution
Spring Hill, FL
Source: U.S. Census Bureau

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